The invention provides a magnetic recording medium with excellent electromagnetic conversion features and excellent film intensity of a magnetic layer. The magnetic recording medium comprises a non-magnetic support body and a magnetic layer on the non-magnetic support body. The magnetic layer comprises strong-magnetism powder and adhesion agents. The strong-magnetism powder comprises at least onekind of allele-type ferric oxide compound selected from a group formed by allele-Fe<2>O<3> and compound represented by the following formula (1). When the magnetic field where imposed magnetic field His used for carrying out second-order differential on the magnetization M in the formula (I) with the value of zero is set to be Hc', and the value of magnetic field which is magnetized into zero inthe magnetic field-magnetizing curve is set to be Hc, the value of the Hc relative to the Hc' is 0.6 or over and 1.0 or less, the Hc' meets the following formula (II), the magnetization M is solved bythe magnetic field-magnetizing curve obtained through measurement under the condition of the maximum imposed magnetic field of 359kA/m, the temperature of 296K, and the magnetic field scanning speedof 1.994kA/m/s. Formula (I): d<2>M/dH<2> and formula (II) 119kA/mFe<2-a>O<3> (1), wherein A represents at least one kind of metal element except for Fe and 0